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Stocks beset by rate hike worries, oil bust

Friday's jobs report gives clear account of recovering economy, suggesting that a September rate hike remains in play

Published Sun, Aug 9, 2015 · 09:50 PM
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A SEPTEMBER rate hike is back on the table, and that has given US stocks the jitters.

Last week, stocks fell as traders lost all hopes of a reprieve from a Federal Reserve interest rate increase this year. Stocks will likely remain under pressure this week as rate hike worries and the oil bust remain in focus.

Fed chair Janet Yellen had indicated in her statement a week earlier that she was determined to…

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